Anatole Kaletsky

Euro zone’s big problems require big fixes

By Anatole Kaletsky
May 16, 2014

ECB President Draghi addresses a news conference in BrusselsAt last, the European Central Bank seems ready to inject some adrenalin into the moribund euro zone economy. After last week’s news conference, when European Central Bank President Mario Draghi strongly hinted that action would take place after the June 5 council meeting, there have been a host of interviews and leaks specifically describing the new ideas the bank has in mind.

No reason for these stock market jitters

By Anatole Kaletsky
May 8, 2014

anatole -- unhappy trader

“Sell in May and go away.”

This stock market adage has served investors well four years in a row. Every year since 2010, stock markets around the world have suffered significant corrections between a high reached in May and a low in the summer or early autumn: by 15 percent in 2010, 19 percent in 2011, 9 percent in 2012 and 5 percent in 2013, as gauged by the Standard & Poor’s 500.

Why the Russian sanctions don’t work

By Anatole Kaletsky
May 1, 2014

putin!!

Why did the U.S. and European sanctions against Russia earlier this week trigger a rebound in the ruble and the Moscow stock market?

Abe’s disturbing lack of focus

By Anatole Kaletsky
April 24, 2014

President Barack Obama’s trip to Asia this week has focused mostly on Japan’s territorial disputes with China. On this issue, Obama seems to be repeating the same mistakes he made in Ukraine.

Time to stop following defunct economic policies

By Anatole Kaletsky
April 19, 2014

Can economists contribute anything useful to our understanding of politics, business and finance in the real world?

Behind Wall Street’s anxiety

By Anatole Kaletsky
April 10, 2014

The recent economic news has been about as investor-friendly as anyone could imagine.

Forget the drama: A solution for Crimea

By Anatole Kaletsky
March 28, 2014

President Vladimir Putin has disastrously miscalculated and Russia now faces deeper isolation, tougher sanctions and greater economic hardship than at any time since the Cold War. So declared President Obama after the NATO summit in Brussels.

Osborne: Stealth convert to ‘Keynesian Thatcherism’

By Anatole Kaletsky
March 20, 2014

Britain’s government budget released this week is not a statement of economic policy. It is a program for winning next year’s general election.

Janet Yellen’s moment

By Anatole Kaletsky
March 18, 2014

When Janet Yellen chairs her first meeting of the Federal Open Market Committee Tuesday and Wednesday, she will be presented with a once-in-a-generation opportunity that even her predecessors in the world’s most powerful economic position have rarely enjoyed.

Japan as the crisis next time

By Anatole Kaletsky
March 14, 2014

Which major economy is most likely to disappoint expectations this year, and perhaps even cause a financial crisis big enough to break the momentum of global economic recovery? The usual suspects are China and southern Europe. But in my view the most likely culprit will be Japan.